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CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Sep. 30, 2019
Sep. 30, 2018
Sep. 30, 2019
Sep. 30, 2018
Revenue from Contract with Customer   $ 1,369 $ 3,743 $ 4,045
Revenues:        
Total Revenues $ 1,314 1,444 3,969 4,315
Costs and Expenses:        
Cost of Goods and Services Sold     1,765 2,015
Cost, Direct Material     1,343 1,378
Research and Development 35 31 107 106
Selling, General and Administrative Expense 201 192 615 591
Corporate General and Administrative 31 31 95 101
Goodwill, Impairment Loss 399 0 730 0
Prepetition Charges 0 0 86 0
Asset Write-Downs and Other 42 71 120 159
Transformation, Facility Restructuring and Severance Charges 53 27 93 90
Gain on Operational Assets Sale (15) 0 (15) 0
(Gain) Loss on Sale of Businesses, Net (8) 0 104 0
Total Costs and Expenses 1,761 1,457 4,835 4,440
Operating Income (Loss) (447) (13) (866) (125)
Other Income (Expense):        
Reorganization Items (303) 0 (303) 0
Interest Expense, Net (Unrecognized Contractual Interest Expense was $133 million for three months ended September 30, 2019) (26) (156) (341) (457)
Warrant Fair Value Adjustment 0 11 0 67
Bond Tender and Call Premium 0 0 0 (34)
Currency Devaluation Charges 0 (8) 0 (45)
Other Expense, Net (8) (6) (18) (21)
Loss Before Income Taxes (784) (172) (1,528) (615)
Income Tax Provision (31) (22) (76) (80)
Net Loss (815) (194) (1,604) (695)
Net Income Attributable to Noncontrolling Interests 6 5 14 13
Net Income (Loss) Attributable to Weatherford $ (821) $ (199) $ (1,618) $ (708)
Loss Per Share Attributable to Weatherford:        
Earnings Per Share, Basic and Diluted $ (0.82) $ (0.20) $ (1.61) $ (0.71)
Weighted Average Shares Outstanding:        
Weighted Average Number of Shares Outstanding, Basic and Diluted 1,004 998 1,004 996
Products        
Revenue from Contract with Customer $ 467 $ 508 $ 1,461 $ 1,471
Costs and Expenses:        
Cost of Goods and Services Sold 408 499    
Services        
Revenue from Contract with Customer 847 936 $ 2,508 $ 2,844
Costs and Expenses:        
Cost of Goods and Services Sold $ 599 $ 606